The Tripoli based Central Bank of Libya (CBL) announced in its latest statistical bulletin on Thursday that Libya’s revenues during the first 6 months of 2020 reached LD 3 bn dinars, while the expenditures for the same period amounted to LD 15.6 bn dinars. It also reported that it had received oil revenues for this period of LD 2,1 bn.
Telecoms revenues inexplicably brought in zero revenues from a projected LD 121 m while CBL profits were as projected at LD 100 m, adding that local fuel sales brought in LD 100 m. However, other revenues brought in LD 191 m.
With regards to other outgoings, state-sector salaries were as usual by far the largest single item of the total budget outgoings at LD 9,1 billion. LD 2,8 billion was spent on subsidies, while the emergency budget took up more than LD 1,7 billion.